02-04-2022 10:47 AM | Source: Axis Securities Ltd
EURINR opened with an upward gap and remained lackluster throughout the session - Axis Securities
News By Tags | #5481 #2767

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USDINR

USDINR opened with an upward gap and remained lackluster throughout the session.. USDINR closed at 75.06 with a gain of 0.12 %. On the daily chart USDINR has formed a Bullish candle carrying either side shadows indicating extreme volatility USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. USDINR is sustaining above its 20 day SMA which signals bullish sentiments in near term For the day if USDINR trade and sustains above 75.10 levels then it may move further upward towards 75.25-75.35 levels. On the downside an immediate intraday support is around 74.90 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with an upward gap and remained lackluster throughout the session.. EURINR closed at 84.67 with a loss of 0.13 %. On the daily chart EURINR has formed a Bullish candle carrying either side shadows indicating extreme volatility EURINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up trend. EURINR is sustaining above its 20 day SMA which signals bullish sentiments in near term For the day if EURINR trade and sustains above 84.85 levels then it may move further upward towards 85-85.10 levels. On the downside an immediate intraday support is around 84.65 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

 

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